FX News

Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.

Welcome to Black Friday and the day after Thanksgiving when traditionally shops herald the start of the Christmas shopping season, open their doors ridiculously early and offer discounts on things people never knew they wanted on the busiest shopping day of the year in the US.

Happy Thanksgiving to one and all and as our American cousins take the day off to gorge themselves on far too much food and spend time with their families, the world keeps turning and the markets keep moving although at a slightly slower pace than normal.

Good morning, and welcome to the day after some mixed data from the US resulted in a bit of US Dollar weakness and Sterling and Euro making steps, if not strides against the Greenback. There was an unexpected, significant upward revision to Q3 domestic demand but consumer confidence was down.

Japan is still hogging the headlines at the moment as yesterday Bank of Japan’s chief Haruhiko Kuroda stepped forward to give his take on the current state of the Japanese economy and what was being done to bring some sense of normality to the situation.

The main story in the markets at the moment is still the falling of the Japanese Yen as the market is focussed on its continuing weakness. That old adage that “the trend is your friend” seems to be ringing true as speculators continue to bet against it causing seven-year lows...

Today the markets are very firmly focussed on the UK and the CPI figures which are released this morning. These inflation figures are expected to come in at 1.2% which is unchanged from last month's figure which was a five year low.

Starting a new week, we have seen Japan enter into a technical recession as GDP figures which were expected to be positive came in at -0.4%. This led the Japanese Yen to a seven year low against the US Dollar and forced the Japanese into thinking why this has happened...

The Bank of England Inflation Report is continuing to weigh heavily on Sterling as we have seen a constant weakening since Carney spoke a couple of days ago. Coupled with broad-based Dollar strength and slightly positive data out of France and Germany, things are as gloomy as this morning’s weather...

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